No, If there is more than one person any one of them can act as Company Secretary.

8. When do I need a Company Secretary?

If One Person is incorporating a Company same person cannot act as a Company Secretary.

Foreigner cannot act as a Secretary

If the Annual Turnover not less than One Million or paid-up Capital exceeds Five Hundred Thousand a Qualified Secretary should be appointed.

9. Can a Foreigner be a shareholder of a Company?

If a foreigner is investing in a Private Company it should be either BOI Projector in accordance with the Extraordinary Gazette notification published on 19 of April 2002 and number 1232/1 issued by the Controller of Exchange.

10. How many shareholders can I include in a Private Limited Company?

One Person or Persons (not exceeding 50).

11. How long can I reserve my approved name?

The validity of the name approval is three months from the date of application – Form 16A

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